Boyd Gaming Corp. (BYD) Tops Q1 EPS by 8c

April 24, 2013 7:18 AM EDT
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Price: $60.91 --0%

Revenue Growth %: +10.7%

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Room: 11.25M

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Boyd Gaming Corp. (NYSE: BYD) reported Q1 EPS of $0.01, $0.08 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $737 million versus the consensus estimate of $734.19 million.

"We saw positive momentum across our operations in March, driving first-quarter results that were ahead of our previous expectations. We were particularly encouraged by improvements in our Las Vegas Locals business, as we were able to generate EBITDA growth for the first time in more than a year," said Keith Smith, President and Chief Executive Officer of Boyd Gaming. "As we look forward, we are excited by the potential of our online gaming strategy. New Jersey and Nevada are now laying the regulatory groundwork for online gaming, and other states are considering legalization as well. This emerging business provides a compelling opportunity to significantly grow and diversify our business, and we intend to take full advantage of it."

For earnings history and earnings-related data on Boyd Gaming Corp. (BYD) click here.

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